KARACHI: Sindh Minister of Energy, Syed Nasir Hussain Shah, announced that the provincial energy department will exhibit its ongoing and upcoming projects at the 13th edition of the Institute of Electrical and Electronics Engineers Pakistan (IEEEP) Fair. The event, set to take place at Karachi Expo Centre in September, aims to draw investment and encourage joint ventures and partnerships for…
Read More
ISLAMABAD: The Cabinet Committee on Energy (CCoE), chaired by Prime Minister Shehbaz Sharif, has extended the deadline for local refineries to sign implementation agreements (IAs) with the Oil & Gas Regulatory Authority (OGRA) for their $5-6 billion upgrade projects by an additional six months. This extension, granted under the amended brownfield refineries’ policy of 2023, aims to accommodate the country’s…
Read More
ISLAMABAD: National Engineering Services Pakistan (Pvt) Limited (NESPAK) has celebrated the successful high-potential (Hi-Pot) testing of the 500kV transmission line for the 884MW Suki Kinari hydropower project, marking a significant milestone achieved within the designated timeframe. In a letter to the National Transmission and Despatch Company (NTDC), NESPAK extended its congratulations on the completion of the Hi-Pot testing on June…
Read More
ISLAMABAD: Sui Southern Gas Company Ltd (SSGC) has disconnected gas supply to Pakistan Steel Mills (PSM) due to chronic payment defaults amounting to Rs98 billion, including Rs75 billion in interest and late payment surcharges. The Karachi-based gas utility stated that PSM began partially defaulting on monthly gas bill payments in November 2008 and ceased all payments after March 2015. Despite…
Read More
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) announced an additional Rs3.33 per unit fuel cost adjustment (FCA) for May consumption, allowing ex-Wapda distribution companies (Discos) to collect an additional Rs41 billion in July. In contrast, K-Electric (KE) consumers will see a Rs1.67 per unit reduction in FCA based on April consumption, amounting to an overall financial impact of around…
Read More
KARACHI/PESHAWAR: Despite the postponement of a planned strike by petroleum dealers on Friday evening, many consumers in Karachi faced difficulties obtaining petrol and diesel earlier in the day as several fuel pumps were either closed or out of stock. The strike was a protest against the government’s imposition of a 0.5% advance turnover tax, which the dealers argue would add…
Read More
